Mediolanumthe Savings Management Company that belongs to the Doris family, yields its participation (historical) in the capital of Mediobancaalso leaving the Cuccia Piazzetta union pact. A decision that follows the launch of the OPS by Monte dei Paschi di Siena and the new plan recently presented by Mediobanca’s management.
The accelerated placement of 3.5% of the capital
Mediolanum, on its own and Mediolanum Vita, has announced the improvement of the Sale of 29,095,110 shares ordinary of Mediobanca, corresponding to about the 3.5% of the share capitalequal to the entire participation held in Piazzetta Cuccia, a Price of 18.85 euros per action. This consideration involves a 4.5% discount compared to the stock exchange closing of 30 June of 19.735 euros, but marks a rise of about 35% since the beginning of the year, finding the security on the historic highs.
The placement, which occurred to a gross value of 548.4 million Euro, it was carried out through a process of accelerated bookbuilding conducted at institutional investors. Morgan Stanley has acted as the Bookrunner sun for placement. The data operation (trade dates) of the placement falls on 1 July 2025 and the regulation is scheduled for July 3, 2025.
Financial and non -strategic participation
“The Mediolanum group performed this operation in accordance with the financial and non -strategic nature of participation and in line with their own path of organic growth that has always favored solidity and efficiency property “
explains a note from Mediolanum.
The 3.5% sale of Piazzetta Cuccia though puts an end to a long and solid relationship, which lasted a quarter of a centurysince, in the mid -90s, Enrico Cuccia took care of the price of Banca Mediolanum. The financial company of the Doris family was also one of the most convinced Supporters of Mediobancaparticipating in the Pact of union, which until yesterday collected 11.7% of the capital. Now the share conferred on the pact has fallen Around 8%having recorded other outputs: Vittoria Insurance with its 0.3% share and Gavio with 0.2%.
The need not to take a position in the Risiko
Beyond the ritual statements of the Pattizi members, the choice of Mediolanum, similar to that carried out by other members of the pact, seems to want to underline the need to remain neutral in the great match of Risiko banking. The sale of the share of Mediolanum, in fact, follows the launch of the OPS on Mediobanca by Monte dei Paschi di Sienawho has already obtained the green light of the ECB and now only awaits the green light of Consob.
Just recently, Massimo Doris he had been unleashed from giving a judgment on OS, stating that “On paper all Ops make sensethere is no univocal evaluation “, while the president of Fininvest Marina BerlusconiMediolanum reference shareholder, he had reiterated “We are just spectators”adding “on this game, as on all the others, whatever the market will choose will be the right one”.
